EURUSD: Trades Below 1.4844, Sees Further Downside Momentum

Extension of losses following the pair’s collapse off the 1.5062 level was seen Thursday pushing EUR to as low as 1.4690. It was seen turning off lower prices today. Vulnerability to the downside still remains on the cards with lower level prices targeting the 1.4699 level, its daily 50 ema…

Source:EURUSD: Trades Below 1.4844, Sees Further Downside Momentum

This entry was posted on Friday, October 30th, 2009 at 4:45 am and is filed under Forex Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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